Insider Selling: Kirby Co. (NYSE:KEX) VP Sells 6,705 Shares of Stock

Kirby Co. (NYSE:KEX) VP Scott P. Miller sold 6,705 shares of Kirby stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $95.05, for a total value of $637,310.25. Following the sale, the vice president now owns 1,000 shares in the company, valued at $95,050. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Kirby Stock Performance

Shares of KEX traded up $0.09 during mid-day trading on Thursday, hitting $95.12. The stock had a trading volume of 102,292 shares, compared to its average volume of 383,588. The company has a market cap of $5.56 billion, a PE ratio of 25.55, a PEG ratio of 1.61 and a beta of 1.20. The company’s fifty day simple moving average is $85.75 and its two-hundred day simple moving average is $81.40. The company has a quick ratio of 1.01, a current ratio of 1.68 and a debt-to-equity ratio of 0.32. Kirby Co. has a fifty-two week low of $66.42 and a fifty-two week high of $95.79.

Kirby (NYSE:KEX) last issued its earnings results on Thursday, February 1st. The shipping company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.03 by $0.01. The company had revenue of $799.18 million during the quarter, compared to analyst estimates of $778.70 million. Kirby had a return on equity of 7.12% and a net margin of 7.21%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. On average, equities analysts expect that Kirby Co. will post 4.94 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd boosted its position in Kirby by 166.6% during the 4th quarter. Quadrature Capital Ltd now owns 10,934 shares of the shipping company’s stock valued at $859,000 after purchasing an additional 6,832 shares during the period. Vanguard Group Inc. boosted its position in Kirby by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 6,097,723 shares of the shipping company’s stock valued at $478,549,000 after purchasing an additional 81,808 shares during the period. Wellington Management Group LLP boosted its position in Kirby by 3.6% during the 4th quarter. Wellington Management Group LLP now owns 1,828,758 shares of the shipping company’s stock valued at $143,521,000 after purchasing an additional 63,611 shares during the period. Goldman Sachs Group Inc. boosted its position in Kirby by 0.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 384,068 shares of the shipping company’s stock valued at $30,142,000 after purchasing an additional 1,360 shares during the period. Finally, Virtu Financial LLC acquired a new position in Kirby during the 4th quarter valued at approximately $464,000. Institutional investors and hedge funds own 96.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Stephens reiterated an “overweight” rating and issued a $105.00 target price on shares of Kirby in a research report on Monday, February 5th. StockNews.com upgraded Kirby from a “hold” rating to a “buy” rating in a research report on Monday.

Kirby Company Profile

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.